The Radford Free Press – Page 303 – All life is problem solving.

Unhealthy Jobs Jolt

April 28, 2011

The first quarter slowdown in GDP portends stagnation. Possibly. That all depends on how odd the so-called oddities that caused the slowdown are. One thing is more certain: the jobs market appears to have hit a bump. Today’s news that first time claims for unemployment assistance jumped 25,000 back up to a total of 429,000 […]

Economics / business investment, consumer confidence, consumption, deficits, exports, fiscal policy, GDP, imports, inventories, Investment, jobs, monetary policy, real estate, recession, recovery, stimulus, trade, unemployment, wages /

The Economy Slows Down

April 28, 2011

As we all thought, our economic growth slowed dramatically in the first quarter this year. The headline figure you will be reading about is 1.8% growth, down from the fourth quarter of last year when growth was 3.1%. What you will not be reading is the sneaky rounding up involved to get us to that […]

Commentary, Economics /

Do We Need Economists?

April 27, 2011

Not really. They don’t seem to add much value. This will not shock many of you, but it should cause some reflection amongst economists. The basis for my reflection on this is the comment Brad DeLong made recently that the solution to the economic and financial crisis could be found in ideas developed in the […]